Tag Archives: National Bank of Georgia

The National Bank will mediate with the financial institutions to postpone bank liabilities for the traders who suffered loss due to yesterday’s fire in the Children’s World trade center. We must help the traders affected by the fire as much as possible, – Prime Minister Giorgi Kvirikashvili said at the …

The legislation of National Bank does not regulate such organizations, such as financial company “Georgia”-the head of National Bank, Koba Gvenetadze declared. As Gvenetadze noted in the interview with journalists, the population should pay attention what is written in the contract, not to lose their savings. The legislation of National …

National Bank of Georgia starts holding of sessions of Monetary Policy Committee in the regions of Georgia. The first meeting within the frame of new stage of public communication will be held in Kutaisi on January 25. The President of NBG will hold press-conference for the media after the finish …

National Bank of Georgia (NBG) purchased the same amount of USD, as it had sold. According to Galt & Taggart, NBG made foreign exchange intervention 24 times. The central bank purchased over 278 million USD and sold 280 million, at that 40 million – in the previous week. It should …

By the decision of the Board of the National Bank of Georgia, Archil Mestvirishvili and Murtaz Kikoria were appointed to the position of the Deputy Governors of the National Bank of Georgia. Parliament of Georgia elected Mr. Archil Mestvirishvili, Mr. Murtaz Kikoria and Mr. Robert Singletary as the Board Members …

National Bank of Georgia made the first foreign exchange intervention after October 12. NBG sold USD 40 000 000 during its Foreign Exchange Auction. The average weighted bid rate was 2.7823. NBG sold 180 million USD from August. The central bank of the country regards, that the rate of national …

We are not going back, – President of National Bank of Georgia so responds to the announced changes in the sector of online loans. Koba Gvenetadze explains that there is a hard condition on the market, because instant loans are offered at 500%, 600% and 700%. There are cases, when …

The act is an insurance mean from foreign exchange risks and onetime event, which has been used in other countries and Georgia is not unique in this term, – Koba Gveneteadze, president of National Bank of Georgia has noted to the Public Broadcaster and responded the critics as well. Koba …

President of National Bank of Georgia links GEL devaluation to the agotage created by the expectations on the market. Koba Gvenetadze does not name concrete factors, what provoked the negative expectations. He declares that many factors are component of expectations and their separation is hard. “USD rate has been increased …

Q&A for the program of conversion of loans to individuals in US dollar under real estate collateral before January 1, 2015 into lari loans. What does the program of FX bank loan conversion to lari mean? The program includes a voluntary conversion of US dollar-denominated bank loans of individuals colalteralized …